It’s said loud and clear on the Street that clients and investors in general aren’t buying this rally.
Low volume suggests this. Tuesday markets were weak early given BREXIT worries but then out of the blue buyers appeared boosting markets well of their lows.
Wednesday stocks opened weak once again but then found their footing as given mostly weak economic data and rallied off their lows and closing higher.
The data contained we overseas data from China (PMI Mfg Index was still weak hanging on to a flat reading at only 50.1) while Europe PMI Mfg Index readings fell to only 51.5 vs prior 52.1).
When U.S markets opened stocks